Banks began to recover in Europe on Wednesday as the markets there saw big gains after the US Federal Reserve decided Tuesday to cut US interest rates by 0.5 percent to 4.75 percent. The FTSE Eurofirst 300 was 2.73 percent higher to 1,550.62. Frankfurt’s Dax gained 2.32 percent to 7,750.84, while the IBEX [...]

More: Madrid?s IBEX adds 3.19 percent on session

The Fed cut boosted markets worldwide. I'm not sure how long it's going to last, though.